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Palantir Technologies Inc. NASDAQ: PLTR stock is officially in a bear market, which is defined as a drop of more than 20% for any length of time. The decline is unsettling for some retail investors who bought the stock during its run-up.
Given PLTR's remarkable surge in stock price, it's essential to evaluate its current standing and determine whether it remains a compelling investment choice.
It's tempting to get more aggressive at this phase in the AI boom, with tech stocks blasting off to new heights.
Most people who are selling Palantir Technologies Inc. (NASDAQ: PLTR) stock, which is down 24% in the past week, have dumped their shares on one of two false premises.
Despite a strong start to the year, Palantir stock (NASDAQ: PLTR) has seen a significant pullback after reaching an all-time high (ATH) of nearly $125 on February 18. By press time on February 25, PLTR shares were changing hands at a price of $89.76.
U.S. government spending cuts could impact the data analytics and military contractor firm's bottom line.
For more than two years, Wall Street has been in a seemingly unstoppable bull market rally. Since the end of 2022, the ageless Dow Jones Industrial Average, widely followed S&P 500 (^GSPC -0.50%), and growth stock-powered Nasdaq Composite have respectively motored higher by 31%, 57%, and 87%, as of the closing bell on Feb. 21.
Tony Bancroft calls Palantir (PLTR) a good company with strong growth potential. However, he expects volatility is ahead for military-tied stocks with budget cuts expected for U.S. defense.
Major U.S. equities indexes were mixed to start the week as investors failed to mount a rebound from last week's selloff. Tech stocks helped lead the decline, which moved lower after President Donald Trump's comments this afternoon confirmed tariffs on Canada and Mexico.
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Shares of Palantir Technologies Inc. (NYSE: PLTR) plunged -10.53% on Monday.